Property photos
Auction
From
£120,000
Property for sale
Fowler Street, South Shields NE33Local area information
Property location
Nearby amenities
- Marine Park Primary School 0.2 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.3 miles
- South Shields Ferry Terminal 0.3 miles
- North Shields Ferry Terminal 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- To be offered on Tuesday 16 April
- High Yielding Retail Investment
- Let to the Undoubted Covenant of Clydesdale Bank (t/a Virgin Money)
- Five Year Lease Expiring 23/12/2025
- Producing £30,000 per annum
- Vacant Second Floor Providing Asset Management/Development Potential (stp)
- Guide Price Reflects 25% Gross Yield
- No VAT
Strapline
Auction Sale - 15/04/2024
High Yielding Retail Investment
Let to Virgin Money on a lease Expiring December 2025 and paying £30,000 per annum.
Vacant Second Floor Offering Asset Management/Development Potential (subject to requisite consents).
Description
The property comprises a high yielding retail investment let to the undoubted covenant of Clydesdale Bank (t/a Virgin Money) and occupying a prominent town centre pitch.
The ground floor comprises a double fronted retail units and, alongside the first floor, is let to Clydesdale Bank (t/a Virgin Money) on a five year lease expiring 24/12/2025 and paying a rent of £30,000 per annum.
The second floor is offered with vacant possession and may be suitable for development/conversion to alternative uses including residential (subject to obtaining the requisite consents). The vacant space also offers instant asset management potential via letting.
Planning
Whilst there are no extant planning consents, the vacant second floor could be suitable for development/conversion to alternative uses, including residential (subject to obtaining the requisite consents.
Auction Sale - 15/04/2024
High Yielding Retail Investment
Let to Virgin Money on a lease Expiring December 2025 and paying £30,000 per annum.
Vacant Second Floor Offering Asset Management/Development Potential (subject to requisite consents).
Description
The property comprises a high yielding retail investment let to the undoubted covenant of Clydesdale Bank (t/a Virgin Money) and occupying a prominent town centre pitch.
The ground floor comprises a double fronted retail units and, alongside the first floor, is let to Clydesdale Bank (t/a Virgin Money) on a five year lease expiring 24/12/2025 and paying a rent of £30,000 per annum.
The second floor is offered with vacant possession and may be suitable for development/conversion to alternative uses including residential (subject to obtaining the requisite consents). The vacant space also offers instant asset management potential via letting.
Planning
Whilst there are no extant planning consents, the vacant second floor could be suitable for development/conversion to alternative uses, including residential (subject to obtaining the requisite consents.
More information
Listed by
Savills - National Auctions
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